PS Logistics, a leading national transportation and logistics company, has joined the recently formed Blockchain in Trucking Alliance (BiTA) as a charter member.
The company aims to help advance the transportation industry through smart technologies and standardized performance standards through this collaboration. PS Logistics is joining TransRisk, Triumph Business Capital, Fleet Complete, and McLeod Software among other companies as charter members of BiTA.
“We are very proud to be a part of the Blockchain in Trucking Alliance and its mission to revolutionize the trucking industry for greater transparency, security, performance and efficiency,” said Mauricio Paredes, Vice President of Technology at PS Logistics. “Through blockchain technology every transaction in the trucking ecosystem can be interconnected, providing the potential to dramatically change workflows and the way people do business for the better.”
Founded in August 2017, BiTA will provide a platform to members to participate, discuss, create, and adopt industry standard uses of Blockchain applications, providing clarity and direction for the development of blockchain technology in the trucking industry in a manner that will create efficiency, transparency, and foster trust. It plans to build the first set of transportation industry-specific blockchain standards to help propel the evolution of the trucking industry.
“We formed the Blockchain in Trucking Alliance to develop common standards around blockchain applications in the trucking industry, from speeding up transactions to securing data transfers. The technology holds great promise, but to encourage its proliferation, we believe that developing industry standards were paramount,” Craig Fuller, CEO of TransRisk and Co-Founder of BiTA stated. “PS Logistics brings a depth of industry experience and full-service logistics knowledge to help our industry innovate with integrity through this new technology.”
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